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Electricity DeregulationChoices and Challenges$
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James M. Griffin and Steven L. Puller

Print publication date: 2005

Print ISBN-13: 9780226308562

Published to Chicago Scholarship Online: February 2013

DOI: 10.7208/chicago/9780226308586.001.0001

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PRINTED FROM CHICAGO SCHOLARSHIP ONLINE (www.chicago.universitypressscholarship.com). (c) Copyright University of Chicago Press, 2022. All Rights Reserved. An individual user may print out a PDF of a single chapter of a monograph in CHSO for personal use.date: 03 July 2022

The Oversight of Restructured Electricity Markets

The Oversight of Restructured Electricity Markets

(p.297) 7 The Oversight of Restructured Electricity Markets
Electricity Deregulation

Alvin K. Klevorick

University of Chicago Press

This chapter discusses the need for continual regulatory oversight of bidding in restructured electricity markets. It explains why deregulated electricity markets must be constantly monitored to ensure they are competitive and offers guidance on how market monitoring should be conducted at both the local and federal level. This chapter also compares the relative merits of various approaches in price regulation including price caps and bid-adjustment procedures.

Keywords:   regulatory oversight, restructured electricity markets, bidding, market monitoring, price regulation, price caps, bid-adjustment procedures

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